HomeMy WebLinkAbout921298
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After Recording Return To:
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0003U
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RECEIVED B/1512006.at4:31 PM
RECEIVING jf. 921298
BOOK: 630 PAGE: 311
JEANNE WAGNER
LINCOLN COUNTY ClERK, KEMMERER, WY
ISpace Above Tbis Line For .Reconling Data I
DEFINITIONS
MORTGAGE
/?
Words used in multip]e sections of this document.areDefined be]ow.and other words.are defined in Sections 3,11,13,18,20
lilld 21. Certain rules regarding the usage of words used in this Document .are .also provided in Section 16.
~ d~
(A) "SeCllrity Instrument" meID1S this document, which is dated August 15, 2006
Riders to this document.
(B) ....Borrower.. is LOR]N C LANE
, together with .all
Borrower is the mortgagor undt:r this Security Instrument.
(C) '''Lender''.is 1ST BANK
Lender is a Corporation
the laws of Wyoming
1001 MAIN STREET, EVANSTON, WY B9230
organized.and existing under
. Lender's.address is
. Lt:n.der is the mortgagee under this Security Instrument.
(D) ....Note.. =aIlS the promissory note Bigned by Borrower .and dated August 15,2006 . The Note
states that Borrower owes Lender Sixty Two Thousand and no/100 .
('
Dollars (U.S. .$ fi2,000.00 ) plus interest. Borrower bas promised
to pay this debt in regular Periodic Payments.and to pay the ili:btin full not l.aíerthan September 01,2036
(E) '''Property'' means the property that is Described below under the heading "Transfer of Rights in the Property."
(F) ....Loan.. means the debt evidenced by the Note, plus interest, .any prepayment charges .and late charges due under the
Note, .and all sums due under this Security Instrument, plus interest.
(G) ....Riders" means all Riders to this Security lnstrument that .are executed by Borrower. The following Riders .are to be
executed by Borrower [check box as applicable]:
o Adjustab]e Rate Rider
D Condominium Rider
D Planned Unit Deve]opment Rider
.ŒJ Other(s) [specify] TAX EXEMPT
RIDER WCDA
o Balloon Rider
D ]-4 Family Rider
D Biweekly Payment Rider
WYOMING-Single FJiffiily---FJlnnie MaeIFreddie Mac UNIFORM INSTRUMENT
ITEM 167BL 1 (0011)
(Page J of 11 pages)
o Second Home Rider
Fonn 30511/01
GreatDoca TM
To Order Call: 1-.BOO-968-5775
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000312
(H) ·'Applicable Law" means .all controlling .applicable feder.al, state .and local .statutes, regulations, ordinances llI1d
.administrative rules and orders (that have the dIect of law) as well as all.applicable final, non-appeaIable judicial opiIúons.
(1) ·'Community Association Dues, Fees, JUld Assessments" means all rlues, fees, assessments .and other charges that are
imposed on Borrower or the Property by a condomiIúum association, homeowners association or similar organÏztúion.
(J) ·'Electronic Funds Tr.ansfer" means any transfer of funds, other than a transaction originated by check, draft, Dr
similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
so as to order, instruct, or authorize a .financial institution to debit or credit an .account. Such term includes, but is not limited
to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
automated clearinghouse transfers.
(K) ·'Escrow Items" means those items that are described in Section 3.
(L) "'Miscellimeous Proceeds" means any compensation, .settlement, award of rlamages, or proceeds paid by any third
party (other than insurance proceeds paid llnderthe coverages described in Section 5) for: (i) rlamage to, or destruction of, the
Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; Dr
(iv) misrepresentations Df, Dr omissions as tD, the v.alue .and/Dr condition Df the Property.
(M) ·'Mortgage InsurJUlce" means insurance protecting Ltmder against the nonpayment of, or default Dn, the Loan.
(N) "'Periodic Payment" means the regularly ;scheduled amount due for (i) principal and interest llnder the Note, plus
(ii) any lU110unts under SectiDn 3 of this Secmity Instrument.
(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.5.C. §2601 et seq.).and its implementing regulation,
Regulation X (24 C.F R. Part 3500), as they might be amended from time 10 time, or any additional or successor legislation
or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements
and restrictions that are impo.sed in regard to a ~rally related mortgage loan" even if the Loan does not ! ualify as a
'''federally related mortgage loan" under RESPA.
(P) "'Successor in lnterest of Borrower" means any party that has taken title 10 the Property, whether or not that party has
assumed Borrower's obligations under the Note .and/Dr this Security lnstrument.
TRANSFER OF RIGHTS IN THE PROPERTY
This Security lnstrument secures to Lender: (i) the repayment of the Loan, and .all renewals, extensions llI1d modifications of
the Note; and (ii) the performance of Borrower's covenants.and agreements under this Security lnstrument.and the Note. For
this purpose, Borrower .does hereby mortgage, grant.and convey to Lender .and Lender's successors and assigns, with power
of sale, the following .described property located in the
of ~ D.Ç. LLWŒCLW Ll-L
[Jame of Recording Jurisdiction]
THE WESlERL Y 61 FEET OF LOT B OF BLOCK 52 OF THE SECOND ADDITION TO THE TOWN OF
KEMMERER, LINCOLN COUNTY, WYOMING
[Type of Recording Jurisdiction]
which currently has the address of
312 OPAL STREET
[Street]
KEMMERER
[City]
, Wyoming
B3101
[Zip Code]
e'Property A.ddress"):
TOGETHER WITH.all the improvements now or hereafter erected on the property,llI1d.al1 easements, appurtenances,
llI1d ñxtures now or hereafter .a part of the property. All replacements and additions shall also be covered by this Security
lnstrument. All of the foregoing is referred to in this Security lnstrumentas the "'Property."
WYOMING-Single Family-FJiDuie MaelFr"( die MJIC UNIFORM INSTRUMENT
IlEM 157BL2 (0011)
(hlge.2 of]] pages)
Fonn 30511/01
GœalDou'"
To Owr Call: 1cBOD-B6Bc5775
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BORRO'WER COVENANTS that Borrower is lawfully .seised of the estate hereby conveyed lU1d has the right to
mortgage, grlU1t lU1d convey the Property lU1d that the Property is unencumbered, except for encumbrances of record.
Borrower warrants lU1d will defend generally the title to the Property .against all claims lU1d demands, subject to lU1y
encumbrances .of record. .'
THIS SECURITY lNSTRUMENT combines unifonn covenants for national use lU1d non-unifonn covenants with
limited variations by jurisdiction to constitute 11 unifonn security .instrument covering real property.
UNIFORM COVENANTS. Barrower lU1dLender covenant lU1d agree llS follows:
]. Payment of Principal, Interest, ..Escrow Items, Prepayment Charges, llßd Late Charges. Borrower .shall pay
when due the principal of, and interest on, the debt evidenced by the Note.and any prepayment charges.and late charges due
under the Note. Borrower .shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note lU1d this
Security Instrument .shall be made in U.S. currency. However, if any check .or other instrument received by Lender llS
payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all
.subsequent payments due under the Nate llI1d this Security lnstrument be made in one or more of the foJlowing fonn.s, llS
.selected by Lender: (a) l:a.Sh; (b) money .order; (c) certified check, bank check, trea.surer's check Dr cashier'.s check, provided
any .such check is .drawn upon lU1 institutiDn whDse depo.sits.are insured by .a federal.agency, instrumentality, or entity; or
(d) ElectrDnic Funds Transfer.
Payments are deemed received by Lender when received .at the location designated in the Note or .at .such other location
llS may be designated by Lender in .accDrdance with the nDtice provisiDns in SectiDn 15. Lender may return any payment Dr
partial payment if the payment Dr partial payments are insufficient tD bring the Loan current. Lender may .accept any payment
Dr partial payment insufficient to bring the Loan current, without w.aiver of lU1y rights hereunder or prejudice to its rights to
refuse .such payment or partial payments in the future, but Lender is not obligated to .apply .such payments at the time .such
payments .are .accepted. If each Periodic Payment is .applied llS of its .scheduled due date, then Lender need not pay intere.st on
unapplied funds. Lender may hold .such unapplied funds until BDrrDwer makes payment to bring the LDan current. If
BDrrower £IDes not dD.sD within .a rea.sonable period .of time, Lender .shall either .apply such funds Dr return them to BorrDwer.
If nDt .applied earlier, .such funds will be .applied to the .outstanding principal bal.ance under the NDte immediately prior tD
forec1o.sure, No .offset Dr claim which BorrDwer might have nDw Dr in the future against Lender .shall relieve BorrDwer frDm
making payments due under the NDte lU1d this Security Instrument Dr perfDrming the cDvenants.and agreements .secured by
this Security Instrument.
2. Application of P.ayments or Proceeds. Except.as .otherwise described in this Section 2, all payments .accepted
lU1d .applied by Lender .shall be applied in the follDwing .order ofpriarity: (a) interest due under the NDte; (b) principal due
under the Note; (c) .amaunts due under SectiDn 3. Such payments .shall be liJJplied to each Periodic P.ayment in the order in
which it became due. Any remaining .amDunts .shall be .applied fir.st tD late charges, .second to lU1y .other .amDunts due under
this Security Instrument, lU1d then to reduce the principal bal.ance .of the NDte.
If Lender receives .a payment from BorrDwer for .a delinquent Periodic Payment which includes .a .sufficient .amount to
pay lU1y late charge due, the payment may be .applied to the delinquent payment lU1d the late charge. If more than .one Periodic
Payment is outstanding, Lender may .apply lU1y payment received rrom Borrower to the repayment of the Periodic Pllyments
if, llI1d to the extent that, each payment can be paid in full. TD the extent that lU1y excess exists lifter the payment is llpplied 10
the full payment .of .one or mDre Periodic Payments, such excess may be llpplied to lU1y late charges due. Voluntary
prepayments .shall be llppJied first to lU1y prepayment charges.and then llS described in the Note.
Any .application of payments, insurllI1ce proceeds, or Miscellaneous Proceeds to principal.due under the Note.shall not
extend or postpane the due date, or change the .amount, .of the Periadic Payments.
3. Funds for Escrow Items. Barrower .shall pay to Lender .on the.day Periodic Payments are due under the Note,
until the Note is p.aid in full, .a.sum (the -'Funds") 10 provide for payment .of .amDunts due for: (a) taxes lU1d llSse.ssments lU1d
other items which can .attain priDrity over this Security Instrument llS II lien or encumbrance .on the Property; (b) Iea.sehold
payments or ground rents .on the Property, if lU1y; (c) premiums fDr lU1y .and all insurllI1ce required by Lender under Section .5;
lU1d (d) Mortgage lnsurlU1ce premiums, if lU1y, or lU1y .sums payable by BDrrower 10 Lender in lieu .of the payment of
Mortgage Insurance premiums in .accordance with the provisions .of SectiDn 10. These items.are called -'Escrow Items." At
origination or lit lU1y time during the tenn .of the Loan, Lender may require that CDmmunity Assaciation Dues, Fees, lU1d
Assessments, if any, be escrowed by Borrower,.and .such dues, fees lU1d assessments.shall be lU1 Escrow Item. Borrower .shall
promptly furnish to Lender 1111 notices of .amounts 10 be paid under this Sectian. Borrower .shall pay Lender the Funds fDr
Escrow Items unless Lender waives Borrower's obligation 10 pay the Funds for lU1y or .all Escrow Items. Lender may waive
WYOMING-Single F.amily-F.annie MaeIFreddje Mac UNIFORM INSTRUMENT
ITEM 167BL3 (0011)
(pLlge 3 of 11 pilges)
FOTDI 30511/01
G~""
To Order Dill: 1-BDD-W8-5775
lL.t-
0921.2,98
00031.4
Borrower's obligation to pay to Lender Funds for 11ny or all Escrow Items 11t.any time. Any.such waiver may only be in
writing. In the event of such waiver, Borrower .shall pay directly, when.and where payable, the lUI10unts due for .any Escrow
Items for which payment of Funds has bt:e:n waived by Lender .and, if Lender requires, .shall furnish to Lender receipts
evidencing .such payment within.such time period.as Lender may require. Borrower's obligation to make .such Rayments.and
to provide receipts .shall for 1111 purposes be deemed to be a covenant .and lIgTeement contained in this Security Instrument, as
the phrase "covenant.and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items Directly, pursuant to
11 waiver, .and Borrower fails 10 pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9.and
pay .such lUI10unt .and Borrower .shall then be obligated under Section 9 10 repay 10 Lender .any such amount. Lender may
revoke the waiver as to .any or 1Ù1 Escrow Items at.any time by a notice given in accordance with Section IS .and, upon .such
revocation, Borrower .shall pay to Lender 1Ù1 Funds,.and in.such amounts, that Me then required under this Section 3.
Lender may, at.any time, collect.and hold Funds in.an lUI10unt (a) .sufficient to pennit Lender to apply the Funds at the
time specified under RESPA,.and (b) not to exceed the maximum amount a lender can require under RESPA, Lender .shall
estimate the lUI10unt of Funds Due on the basis of current data .and reasonable estimates of expenditures of future Escrow
ltems or otherwise in accordance with ApplicableLaw.
The Funds .shall be held in .an institution whose deposits Me insured by a federal agency, instrumentality, or entity
(including Lender, if Lender is .an institution whose deposits Me so insured) or in.any Federal Home Loan Bank. Lender .shall
11Pply the Funds to pay the Escrow Items no later than the time specified under RESP A. Lender .shall not charge Borrower for
holding .and applying the Funds, .annually .analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
Borrower interest on the Funds.and Applicable Law pennits Lender to make .such a charge. Unless.an agreement is made in
writing or Applicable Law requires interest to be paid on the Funds, Lender .shall not be required to pay Borrower .any interest
or earnings on the Funds. Borrower llIld Lender can lIgTee in writing, however, that interest.shall be paid on the Funds.
Lender .shall give to Borrower, without charge,.an.annual accounting of the Funds as required by RESPA.
If there is a .surplus of Funds held in escrow, as defined under RESPA, Lender .shall account to Borrower for the exce.ss
funds in .accordance with RESPA. If there is a .shortage of Funds held in escrow, .as Liefined under RESPA, Lender .shall
notify Borrower .as required by RESPA, .and Borrower .shall pay to Lender the lUI10unt necessary to make up the shortage in
.accordance with RESP A, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, .as
defined under RESPA, Lender .shall notify Borrower as required by RESPA, .and Borrower .shall pay to Lender the amount
necessary to make up the deficiency in accordance with RESP A, but in no more than 12 monthly payments.
Upon payment in full of all sums secured by this Security Instrument, Lender .shall promptly refund to Borrower .any
Funds held by Lender.
4. Charges; Liens. Borrower .shall pay all taxes, .assessments, charges, iÏnes, .and impositions attributable to the
Property which can.attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any,
..and Community Association Dues, Fees,.and Assessments, if .any. To the extent that these items Me Escrow Items, Borrower
.shall pay them in the manner provided in Section 3.
Borrower .shall promptly discharge.any lien which has priority over this Security Instrument unless Borrower: (a) agrees
in writing 10 the payment of the obligation .secured by the lien in a manner acceptable to Lender, but only so long .as
Borrower is perfonning .such lIgTeement; (b) contests the lien in good faith by, or defends against enforcement of the lien in,
legal proceedings which in Lender's opinion operate 10 prevent the enforcement of the lien while those proceedings Me
pending, but only until .such proceedings .are concluded; or (c) .secures nom the holder of the lien .an agreement satisfactory to
Lender .subordinating the lien to this Security Instrument. If Lender Lletennines that .any part of the Property is .subject to a
lien which can .attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
10 Llays of the .date Dn which that notice is given, Borrower .shall.satisfy the lien or take one or more of the actions .set forth
above in this Section 4,
Lender may require Borrower to pay 11 one-time charge for a real estate tax verification .and/or reporting .service used by
Lender in connection with this Loan.
3. Property InsurJUlce. Borrower .shall keep the improvements now existing or hereafter erected on the Property
insured against loss by fire, hazards included within the term "extended coverage," .and.any other hazards including, but not
limited to, earthquakes .and í1oods, for which Lender requires insur.ance. This insurance.shall be maintained in the lUI10unts
(including deductible levels) .and for the periods that Lender requires. What Lender requires pursuant to the preceding
.sentences can change during the tenn of the LOåIl. The insurance carrier providing the insurance.shall be chosen by Borrower
.subject to Lender'.s right to disapprove Borrower's choice, which right .shall not be exercised unreasonably. Lender may
require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone detennination,
certification and tracking .services; Dr (b) a one-time charge for í100d zone determination .and certification .services .and
WYOMING-Single FlImily-F.aDJIie M.aeIFrrodie M.ac UNIFORM INSTRUMENT
Form 3051 1/01
ITEM 167BL4 (0011)
(Page 4 0111 pages)
Grsa1Docs TM
'TD OrDer Cell: 1-BDD-96B_5775
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00031.5'
.subsequent charges each time reDUippings or similar changes occur which reasonably might .affect .such Determination or
.certification. Borrower shall .also be responsible for the payment of .any fees imposed by the Federal Emergency Management
Agency in connection with the review of .any flood zone Determination resulting from.an objection by Borrower.
lfBorrower fails to DUiintain.any of the coverages Described l1bove, Lender may obtain insur.ance coverage: at Lender's
option .and Borrower'.s expense. Lender is under no obligation to purchase .any particular type or amount of coverage.
Therefore, .such coverage .shall cover Lender, but might Dr might not protect Borrower, Borrower'.s equity in the Property, Dr
the contents of the Property, against .any risk, hazard Dr liability ßIld might provide greater Dr lesser coverage than was
previously in effect. Borrower llCknowledges that the cost of the insur.ance coverage so obtained might significantly exceed
the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 .shall become
lldditional Debt of Borrower secured by this Security lnstrument. These amounts shall bear interest at the Note rate from the
.date of Disbursement.and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment.
All insurance policies required by Lender and renewals of such policies.shall be .subject to Lender's right to disapprove
such policies, .shall include 11 standard mortgage clause, .and .shall name Lender as mortgagee and/or as .an .additional loss
payee. Lender shall have the right to hold the policies .and renewal certificates.lf Lender requires, Borrower shall promptly
give to Lender all receipts of paid premiums .and renewal notices. if Borrower obtains .any form of insurance coverage, not
otherwise required by Lender, for í!amage to, or destruction of, the Property, such policy shall include a standard mortgage
clause.and shall name Lender as mortgagee and/or as.an .add.itionalloss payee.
ln the event of loss, Borrower shall give prompt notice 10 the .insur.ance carrier .and Lender. Lender may make proof of
loss if not made promptly by Borrower. Unless Lender .and Borrower otherwise .agree in writing, .any .insurance proceeds,
whether or not the underlying insurance was required by Lender,.s.haIl be applied to restoration Dr repair of the Property, if
the restoration or repair is economically feasible and Lender's security is not lessened, During such repair.and restomtion
period, Lender .shall have the right to hold .such .insurance proceeds until Lender has had .an opportunity to inspect such
Property to ensure the work has been completed 10 Lender's .satisfaction, provided that .such inspection shall be undertaken
promptly. Lender may disburse proceeds for the repairs .and restoration in 11 .single payment or .in a series of progress
payments as the work is completed. Unless.an .agreement is made .in writing or Applicable Law requires interest to be paid on
such insurlillCe proceeds, Lender .shall not be required to pay Borrower .any .interest or earnings on such proceeds. Fees for
public adjusters, or other third parties, retained by Borrower .shall not be paid out of the .insurance proceeds IDld shall be the
sole obligation ofBorrower.lfthe restoration or repair is not economically feasible or Lender's .security would be lessened,
the insurIDlce proceeds shall be applied to the sums secured by this Security lnstrument, whether or not then Due, with the
excess, if any, paid to Borrower. Such insurIDlce proceeds.shall be .applied.in the order provided for in Section2.
If Borrower l1bandons the Property, Lender may file, negotiate .and settle IDlY available insunmce claim ßIld related
matters, If Borrower DoeS not respond within 30 !lays to a notice from Lender that the insurIDlce carrier has offered to settle a
claim, then Lender may negotiate.and settle the claim. The 3D-day period will begin when the notice is given, in either event,
or if Lender llCquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights 10
any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security lnstrument, .and
(b) .any other of Borrower's rights (other than the right to IDlY refund of unearned premiums paid by Borrower) under .all
insurance policies covering the Property, insofar as such rights Me applicable to the coverage of the Property. Lender may use
the insurIDlce proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security
lnstrument, whether or not then due.
6. Occupancy. Borrower shall occupy, establish,.and use the Property as Borrower's principal residence within 60
days after the execution of this Security lnstrument IDld shall continue to occupy the Property .as Borrower's principal
residence for at least one year .after the date of occupancy, unless Lender otherwise .agrees in writing, which consent .shall not
be unreasonably withheld, or unless extenuating circumstances exist which.are beyond Borrower's control.
7. Preservation, MainteruiDce.and Protection of the Property; Inspections. Borrower .shall not destroy, í!amage
or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is
residing in the Property, Borrower .shall maintain the Property in order to prevent the Property from deteriorating or
Decreasing in value due 10 its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not
economically feasible, Borrower .s.haIl promptly repair the Property if í!amaged 10 avoid further deterioration or damage. lf
insurlillCe or condemnation proceeds .are paid.in connection with í!amage to, or the taking of, the Property, Borrower .s.haIl be
responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes, Lender may
disburse proceeds for the repairs .and restoration in 11 .single payment or .in a series of progress payments as the work is
completed, lf the insurance or condemnation proceeds Me not .sufficient to repair Dr restore the Property, Borrower is not
relieved of Borrower's obligation for the completion of .such repair or restoration.
LLL,
WYOMING-Single Family-F.aonie MaeIFreddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
ITEM 167J!L5 (DD11)
(Page 5 of J 1 pages)
GreatDo.cs Tirol
T~ Order Call: 1-S0D-,j 68-5775
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09~1.238
000316
Lem:fJ:r or its- ~.1lli1y malœreasmmble: t:ntrÏes' 1IJ1OD:.ami Ïmq1PMi1JII5" oftiæßupc:Iiy .lfithasreasonable: cause, Lem:fJ:r
may ins:pectíhe: interior of tire .iillfUUVt:Wt:UÍS on tire Pw¡JI::Iiy. Lt:mter.shall give: BorrowernotÍœ:.attlre íinre of orpriorto
£lciI l!II interior.inspection 5pfrifyirrg.such reasonable: ~ '
8. Borrower's Loan Applica:t:i:on. Borrower.shall be:.in .defuult if,. during tire Loan application process,;S orrower or
lmY ~ons or entities .acting.at the: .direction of Borrower or with Buuuwcr '.s knowledge: or l:onsent gave ma1I:rially fuIse:.
D1ÝslôHiinr;, or ÍIIacclInIte- information or cm.tPmP.nk to Lt:mter (or fui.led. to provirle Lender with matcriaJ. iufUUili:rl.ion) .in
wnnecrion with tiæ Loan. Material representations include:,. but lire not limited to. n::presCItatÍon l:0TII'.=ninE; Borrower'.s
oCCllpBIIcy of the Property M Borrower's principal resid"",,,,,.
9. Protection of .Lender's .Interest- in the Property JUrd.Rights Undertlris Secmity Inst:rmnent.lf (<I.) BDII'DWcr
fuilsto perfurrnthecovt:mmts:.ancb'~eY1!5 contained.inthisSecurity Tm;t'nmyenr, (b) thereis.aJegal proœt:ding1hatmigbt
.sivTIfic.Hntiy .affi.=ct Lend.er's .interest in the Property .and/or rights under this Security Instrm:nent (such 115 .a.. proceeding .in
bankruptcy, pro!J.aæ;. for .conrlMT11T>rtion or ~ for mforœment of .a.lim which may .attain:priority over1hÏs Security
lnstrunœnt Dr to enforœ laws orn:gnla:tions), or (c) Borrower lIas .a1mndoned tire Property, tiren Lcn.dermay 00 .and pay for
wlIarever is n:asonable: or .appw¡.u.liili:: to proæct.L:nder'.s .interest .in tire Property .and rights lDIdcrílris Security Tm;t'nmy~
inclu.dingprnta:ting.and!or as'S~the v.ùue OfthePlupt:lly, .ami<:f"<"nrTt1R' .and!orrepairingtiæProperty..L:nder'.s.a.ctÎons
l:aII include, but.are not limited to: (.a) pay.ingmy.5I1mS secmcd by .a.lim which bas priority ovcrílris Security Tm;t'nmy~
(b) .appearing. in murt;.and (c) paying:reasona.bleA1uuury.s' fecsto pro1f:ctits- inæres.tin tir.e:Property .and!orrights.un.dcr1his
Security lnstnnnent,. irrdnding its .secured position in.a. hankmptcy proc.ef'lting Securing the Pwpcly irrdnd...., but is not
limited to, .enæringthePìupcly to malœrepairs:,. L:hange: locks. repl.aœ or bœrd up.doors.and windows, drain w.arerfrom
pipes. ~¡iTTTim11r> building Dr other l:ode vio.lations or .dangernns l:OTTrlirinrrs, .ami lIave: .u:tili1:res !IIrm:d on or off. Although
Lender-may talœ.actionunderílris Section 9,Lenrlcrdoesnotlm.veto 00 so .andisnotunderlmY.duty Dr obligation to 0050.
It is .agreed that Lender .Ïnc1n:s' no liability fornottRkŸT1g any or .all.actiorrs atrthnri-n-rllDIdcrílris Section 9.
Any .amounts rlisbur5ed by Lender under íIris Section 9 .shall beconre .additional .debt of Borrower .secured by íIris
Security Instnunent. 'These: .amoDJIts.shall bear inæres.t.at tire Note- r.aæ from the rIate: of disbtm:P.TTTf"!'Tt' .and.shall be pay.able:.
with.such ~ uponnotÍœ:fromLendertD Barrowcrn:questipö.y<=a1L
Ifílris Security Instrmnent is on A leasdrold,.BOIIIJWer shall comply with.all theprovisions of tire kas.e:. If Borrower
.acqnin:s fee: ritJ.e: to the Property, tire l.easehold.amitlre í'œ':title:.shall notmerze: lIIIkss Lender.agrees-to the merg¡;:r .in writing.
10. Mortgage Insnnmce.lf Lender required Mort:gage lrmJT:fTTc... 115 .a.l:ondition of making tire Loan, Borrower shAIl
'pRy tire premiums required to lTTHirmrirr the Mortgage TTTStmm",," in effi:ct.. If:. for my n:aso~ tire Mortgage Insunmœ covernge:
required by .Lctd.er .œa.res to be .available ftom the mortgage .in:snrcr !hat previously provided such iTTStJT:fTTc... .and Borrower
was required to maIœ separarelyciesjz¡rnt>'d payments tow.ant tire premiums for Mortgage Tnoa~("", Borrower.shall pay tire
prenIiums required to obtain covernge suhmmrirolIy -equiv.al1:nt to tire Mortgage TTTSt'T1"mtT":.. previously.in rlfuct. .at A l:Ost
.sub.stantially equivIDenttO tire .cOst to Borrower of tire Mortgage TTTStJrnT1'repreviou.sIy .in rlfuct;. from l!II .alternate: mortgage:
jI15lI!'f:r selected by Lender. If .substantially -equiv.ak:nt Mortgage: Trromr.:m~("" l:ova-age is not.avIDlab~ Borrower shall.conti:mæ
to pay to Lender the.amount of tire sepamtely Lh:signared payments !hat ~ rlne: when the iTTSt'T1"mtT":.. covernge: ceast:d to be in
:effect.LardcrwilI ~ 115e:andretain:tlrese payments 115 AIIDII-refimd.a.le loss reserve .in lieu of Mortgage ITTStJT:fTTc... Such
los:s reserve.shaIl be:non-refimrlable:. notwithstmrdingthefactthattireLoan is Illtirrr:m-1y paidinfull,..andLardcr.shall not be:
required to pay Borrower lmY interest or -earning" on.such los:s reserve.. L:ndcr an no longer-require loss reservepaymems if
Mortgage Insu:rnnœ l:OVcrnge (.in tire .amount and for the period that L:ndcr reqniI'es) provided by .an .in:snrcr selected by
lender BgaÏn beconres .avIDlab~ is obtained, .and L:ndcrreqnïres. s.eparatdy ~ payments towmd tire prenriums for
Mortgage lnsunmœ.lfLenderrequired Mortgage TTTStmml''' 115 .a.l:ondition of.m.akiIrgtireLoan .and B orrower was required to
maIœ separately ciesi~ payments towmrltire premiums for MClTtf?I.!r' TTTStmml'f'., Borrower .shall 'pRy the premÏums
required to TTTroirmrin Mortgage InoammN'< m effect, orto provirleAnon-refimdabIe loss reserve:. untilL:nder'.s n:quin:nrentfor
Mortgage Tmmr.l'ITc.e ends m .a.c.cordance with my writœn .ag...ec:u...cll between Borrower .and L:ndcr providing. for .such
termination or until termination is required by Applicable Law. Noth.ing.m this Section 10.affi:cts Borrower's obligation to
pay interest.at the r.aæprovided in the Note.
Mortgage Insunmce reimburses Lardcr (or lmY entity 1hat ~ tire Nore) for œrtain losses it may incur if
Borrower does not re¡my the Loan 115 .agreed.. Borrower is not A party to the Mortgage T1T~e
Mortgage inslIreI'5 :evaluare :their total risk on .all .such iTTSt1TatJçe .in force funn tinre to time, l!IId may :enter into
.a.gr=ment:s with other parties that.share ormodify theirrisk, orreduœ losses. 1'"hese: a~e1'1'ts.are on tmns .andl:ornlitions
that .are .satisfuctory to the mortgage insurer .and tire other party (or parties) to tbese~. These: ~ may
require tire mortgage insurer to maIœ payments llSÍng.any .sOlII'œ of funds 1hat tire mortgage: insurer may fIave: .available:
(which may include funds obtained from Mortgage lnsunmcepremiums).
WYOMING---Sing!e Fmnily--FJlDme MaelFrmdie Mac UNIFORM1NSTRUMENT
T!EM 1õ71!l.fi (D011)
(P~ 6 of 1J png=)
FDJ'JlT305I 1/01
GæatI]oç".'"
TD ~!:aI1: 1,ßCJŒ.B6!I"5775
MiliiM2i
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0921.238
0003:17
As a result of these agreements, Lender, any purchaser of the Note, .another insurer, any reinsurer, any 01l1er entity, or
any .affiliate of any of the foregoing, may receive (directly or indirectly) 1lß1Ounts that derive fiom (or might be characterized
.as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifYing the mortgage insurer's
risk, or reducing losses,lf such agreement provides that an .affiliate of Lender takes a share of the insurer's risk,in exchange
for llshare of the premiums paid to the insurer, the amlIlgement is often tenned "captive reinsurance." Further:
(JI) Any such Jlgreements will Dot Jlffect the JUDounts thJlt Borrower fuu¡ Jlgreed to PJlY for Mortgage InsurJlnce,
or Jlny other terms of the Loan. Such Jlgreements will Dot increase the JUDount Borrower will owe for Mortgage
lnsunwce, JUld they will Dot entitle Borrower to JUly refund.
(b) Any such Jlgreements will not Jlffect the rights Borrower .has-if Jlny-with respect to the Mortgage
lnsurJlnce DDder the Homeowners Protection Act of 1998 or JUly other hw. These rights mJlY include the right to
receive certain disclosures, to request JUld obuÌD CJIJlcellation of the Mortgage lnsurJUlce, to hJlve the Mortgage
lnsurJlnce terminJlted JlutoJWItically, JWd/or to receive Jl refund of JUly MortgJlge lnsurJUlce premiums 1lu1t were
unearned Jlt the time of such cancellation or tennÌlUltion.
11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds.are hereby liSsigned to llnd.shall
be paid to Lender.
If the Property is .damaged, such Miscellaneous Proceeds.shall be llpplied to restoration or repair of the Property, if the
restoration or repair is econ'omically feasible.and Lender's security is not lessened. During.such repair llnd restoration period,
Lender shall have the right to hold 5uch Miscellaneous Proceeds until Lender.has .had an opportunity to inspect 5uch Property
to ensure the work has been completed to Lender'5 .satisfaction, provided that 5uch inspection 5hall be undertaken promptly.
Lender may pay for the repairs and restoration in II 5ingle disbursement or in II series of progress payments liS the work is
completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on 5uch Miscellaneous
Proceeds, Lender shall not be required to pay Borrower any interest or t:amings on 5uch Miscellaneous Proceeds. If the
restoration or repair is not economically feasible or Lender's 5ecurity would be lessened, the Miscellaneous Proceeds shall be
llPplied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.
In the event of II total taking, rlestruction, Dr 105S in value of the Property, the Miscellaneous Proceeds 5hall bellpplied to
the 5umS 5ecured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, rlestruction, or loss in value is equal to or greater than the 1lß1ount of the 5umS
5ecured by this Security Instrument immediately before the partial taking, rlestruction, or 105s in value, unless Borrower llnd
Lender otherwise agree in writing, the 5ums 5ecurerl by this Security Instrument .shall be rerluced by the 1lß1ount of the
Miscellaneous Proceeds multiplied by the following fiaction: (a) the total1lß1ount of the sums secured immediately before the
partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial
taking, destruction, or loss in value. Any balance 5hall be paid to Borrower.
In the event of a partial taking, rlestruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, destruction, or loss in value is Jess than the 1lß1ount of the 5ums secured
immediately before the partial taking, destruction, or loss in value, unless Borrower llnd Lender otherwise agree in writing,
the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the 5umS Me
then .due.
If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined
in the next 5entence) offers to make an award to settle a claim for .damages, Borrower fails to respond to Lender within 30
days after the date the notice is given, Lender is authorized to collect .and llPply the Miscellaneous Proceeds either to
restoration or repair of the Property Dr to the sums secured by this Security lnstrument, whether or not then rlue. "Opp05ing
Party" means the third party that owes Borrower Miscellaneous Proceeds or the party Bgainst whom Borrower has a right of
llction in regard to Miscellaneous Proceeds.
Borrower 5hall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
could result in forfeiture of the Property or other material impainnent of Lender's interest in the Property or rights under this
Security Instrument. Borrower can cure 5uch a default llnd, if acceleration has occurred, reinstate liS provided in Section 19,
by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the
Property or other material impainnent of Lender's interest in the Property or rights under this Security Instrument. The
proceeds of any award or claim for damages that are attributable to the impainnent of Lender's interest in the Property .are
hereby .assigned and shall be paid to Lender.
All Miscellaneous Proceeds that .are not applierl to restoration or repair of the Property shall be applied in the orrler
providerl for in Section 2.
WYOMING-Single FIDTlily-FJlnnie MaeIFreddie Mac UNIFORMlNSTRUMENT
Fonn305] 1/0]
TŒM 1678L7 (0011)
(Page 7 of J J ptlges)
Gr:e.atDoc& TM
TD OrDer Call: 1-.800-968-5775
/ í {
09~1238
0003~8
12. Borrower Not Released; ForbearJUlceBy Lender Not JI WJliver. Extension of the time for payment or
modification of lI.Il1ortization of the sums secured by this Security Instrument granted by Lender to Borrower or any
Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of
Borrower. Lender shall not be required to commence proceedings Against any Successor in Interest of Borrower or to refuse
to extend time for payment or otherwise modifY .amortization of the sums secured by this Security Instrument by reason of
.any .demand made by the original Borrower or .any Successors in Interest of Borrower. Any forbearance by Lender in
exercising any right or remedy including, without limitation, Lender's liCceptance of payments nom third persons, entities or
Successors in Interest of Borrower or in .amounts less than the .amount then due, 5hal1 not be a waiver of or preclude the
exercise of any right or reme.dy.
13. Joint and Several Liability; Co-.signers; Successor.s and Assigns Bound. Borrower covenants and agrees that
Borrower's obligations and liability 5hal1 be joint and severß.!. However, any Borrower who co-signs this Security Instrument
but does not execute the Note (a "co-signer"): (a) is co-.signing this Security Instrument only to mortgage, grant.and convey
the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligate.d to pay
the .sums secured by this Security Instrument; and (c) agrees that Lender and.any other Borrower can agree to extend,
modifY, forbear or make.any liCcOlnmo.dations with regar.d to the tenns of this Security Instrument or the Note without the
co-signer's consent.
Subject to the provisions of Section 18, any Successor in Interest of Borrower who 1iSsumes Borrower's obligations
under this Security Instrument in writing, and is 11pproved by Lender, shall obtain ß.!I ofBorrower'.s rights and benefits under
this Security Instrument. Borrower .shall not be released from Borrower's obligations .and liability .under this Security
Instrument unless Lender agrees to .such release in writing. The covenants .and agreements of this Security Instrument .shall
bind (except.as provided in Section 20) .and benefitthe.successors and 1iSSigns of Lender.
14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default,
for the purpose of protecting Lender's interest in the Property .and rights under this Security Instrument, including, but not
limited to, 11ttomeys' fees, property inspection and vß.!uation fees. In regar.d to any other fees, the 11bsence of express .authority
in this Security Instrument to charge a .specific fee to Borrower .shall not be construed as a prohibition on the charging of .such
fee, Lender may not charge fees thatllTe expressly prohibited by this Security Instrument or by ApplicableLaw.
If the Loan is .subject to a law which .sets maximum loan charges, .and that law is finally interpreted .so that the interest
or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) .any such
loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; .and (b) any sums already
collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this
refund by reducing the principal owed under the Note or by making a .direct payment to Borrower. If a refund reduces
principal, the reduction will be treated as 11 partial prepayment without.any prepayment charge (whether or not a prepayment
charge is provided for under the Note). Borrower's liCceptance of .any .such refund made by .direct payment to Borrower will
constitute a waiver of .any right of liCtion Borrower might have wing out of such overcharge.
15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing.
Any notice to Borrower in connection with this Security Instrument .shall be .deemed to have been given to Borrower when
maile.d by first class mail or when.actually .delivered to Borrower's notice lldrlress if .sent by other means. Notice to.any one
Borrower .shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice .address
shall be the Property Address unless Borrower has designated 11 substitute notice lldrlress by notice to Lender. Borrower shall
promptly notifY Lender of Borrower'.s change of lldrlress.lf Lender .specifies a procedure for reporting Borrower'.s change of
.address, then Borrower shall only report 11 change of lldrlress through that specified procedure. There may be only one
.designated notice address under this Security Instrument 11t.any one time. Any notice to Lender .shall be given by Delivering it
or by mailing it by first class mail to Lender's address stated herein unless Lender has .designated .another .address by notice to
Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until
.actually receive.d by Lender. If.any notice required by this Security Instrument is lÙSO required under Applicable Law, the
Applicable Law requirement will satisfY the corresponding requirement .under this Security Instrument.
16. Governing Law; Severability; .Rules of Construction. This Security Instrument .shall be governed by federal law
.and the law of the jurisdiction in which the Property is located. All rights .and obligations containeD in this Security
Instrument llTe subject to.any requirements.and limitations of Applicable Law. Applicable Law might explicitly or implicitly
111l0w the parties to agree by COn1rliCt or it might be .silent, but such silence .shall not be construed .as 11 prohibition llgainst
agreement by contrliCt. In the event that .any provision or clause of this Security Instrument or the Note conflicts with
Applicable Law, such conflict .shall not lIÍfect other provisions of this Security Instrument or the Note which L:an be given
effect without the conflicting provision.
f::I!l::r~::i~;:~¡::,;';
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WYOMING-Single Eamil~FJlßnie Mae!Frrodie Mac UNIFORM lNSTRUMENT
Fonn30S11/01
ITEM 157.BL8 (0011)
(Page 8 of 11 pages)
Gr.eatDocs'l1i<l
To Order Call: 1-800-B68.5775
:::;~mm~~lJffi::
"··_..._4_.~_·· '_.~.._,......__,_...____.,~.. __..
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09~1.Z38
00031.9
As used in this Security Instrument: (a) words of the masculine gender .shall mean .and include corresponding neuter
words or words of the feminine gender; (b) words in the singular shall mean .and include the plural.and vice versa; .and (c) the
word "may" gives sole discretion without.any obligation to take .any action.
17. Borrower's Copy. Borrower shall be given one copy of the Note.and of this Security Instrument.
18. Transfer of the Property or a Beneficial Interest in JJorrower. As used in this Section 18, "Interest in the
Property" means .any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests
1ransferred in a bond for Deed, contract for deed, installment .sales contract or escrow agreement, the intent of which is the
transfer of title by Borrower at a future date to a purchaser.
If all or .any part of the Property or .any Interest in the Property is .sold or transferred (or if Borrower is not a natural
person .and .a beneficial interest in Borrower is .sold or 1ransferred) without Lender's prior written consent, .Lender may
require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be
exercised by Lender if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender .shall give Borrower notice of .acceleration. The notice .shall provide .a period of
not less than 30 days from the date the notice is given in accordance with Section 1.5 within which Borrower must pay all
.sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender
may invoke.any remedies permitted by this Security Instrument without further notice or demand on Borrower,
19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have
the right to have enforcement of this Security Instrument discontinued .at.any time prior to the earliest of: (a) five days before
sale of the Property pursuant to .any power of sale contained in this Security Instrument; (b) such other period .as Applicable
Law might specifY for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security
Instrument. Those conditions are that Borrower: (a) pays Lender all .sums which then would be due under this Security
Instrument.and the Note .as if no accelermion had occurred; (b) cures .any default of .any other covenants or agreements;
(c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees,
property inspection.and valuation fees, .and other fees incurred for the purpose of protecting Lender's interest in the Property
.and rights under this Security Instrument;.and (d) takes .such action.as Lender may reasonably require to .assure that Lender's
interest in the Property .and rights under this Security Instrument, .and Borrower's obligation to pay the .sums secured by this
Security Instrument, .shall continue unchanged. Lender may require that Borrower pay such reinstatement sums .and expenses
in one or more of the following forms,.as .selected by.Lender: (a) cash; (b) money order; (c) certified check, bank check,
1reasurer's check or cashier's check, provided.any .such check is drawn upon.an institution whose deposits.are insured by.a
federal .agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security
Instrument.and obligations secured hereby shall remain fully effective .as if no .acceleration had occurred. However, this right
to reinstate shall not.apply in the case of acceleration under Section 18.
20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together
with this Security Instrument) can be sold one or more times without prior notice to Borrower. A .sale might result in a
change in the entity (known.as the "Loan Servicer") that collects Periodic Payments due under the Note .and this Security
Instrument .and performs other mortgage loan servicing obligations under the Note, this Security Instrument, .and Applicable
Law. There also might be one or more changes of the Loan Servicer unrelated to a.sale of the Note.1fthere is.a change of the
Loan Servicer, Borrower will be given written notice of the change which wiIl.state the name.and address of the new Loan
Servicer, the .address to which payments should be made.and.any other infonnation RESPA requires in connection with .a
notice of transfer of servicing. If the Note is sold .and thereafter the Loan is .serviced by .a Lo.an Servicer other than the
purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be
1ransferred to a successor Loan Servicer and.are not .assumed by the Note purchaser unless otherwise provided by the Note
purchaser.
Neither Borrower nor Lender may commence, join, or be joined to.any judicial action (.as either.an individual litigant or
the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the
other party has breached .any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or
Lender has notified the other party (with such notice given in compliance with the requirements of Section 1.5) of .such
alleged breach .and .afforded the other party hereto a reasonable period.after the giving of such notice to take corrective action.
If Applicable Law provides a time period which must elapse before certain .action can be taken, that time period will be
deemed to be reasonable for purposes of this paragr.aph. The notice of acceleration .and opportunity to cure given to Borrower
pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 sball be deemed to .satisfY the
notice and opportunity to take corrective action provisions of this Section20.
LGL
WYOMING-Single FlIffiily-FJlnnie MaeIFreddieMJIc UNIFORMlNSTRUMENT
Form 3051 1/01
ITEM 167BL9 (0011)
(page 9 of J J pages)
Gr-ea.tD4cs TW
To Order Call: 1-J3DD-B68-5775
."-------".
~- ... 4þ¡r,,-s
09'~.LJ'""J'
000320
21. fuzardoU5 Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as
toxic or hazardous substances, pollutants, or wastes by Environmental Law lIIld the following substances: ,gasoline, kerosene,
other flammable or toxic petroleum products, toxic pesticides lIIld .herbicides, volatile solvents, materials containing asbestos
or fonnaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where
the Property is located that relate to .health, .safety or environmental protection; (c) ¿'EnviroIUIlf:ntal Cleanup" includes any
response 1lCtion, remedial action, or removal action, as defined in Environmental Law; and (d) an ¿'Environmental Condition"
means a condition that can !:allSe, contribute to, or otherwise 1rigger an Environmental Cleanup.
Borrower shall not !:allSe or pennit the presence, use, di.sposal, storage, or release of lIIlY Hazardous Substances, or
threaten to release MY Hazardous Substances, on or in the Property. Borrower shall not do, nor allow lIIlyone else to do,
anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
Condition, or (c) which, due to the presence, use, or release of li Hazardous Substance, creates li condition that adversely
affects the value of the Property. The preceding two sentences.shall not liPply to the presence, use, or storage on the Property
of .small Ljuantities of Hazardous Substances that .are generally recognized to be appropriate to normal residential uses and to
maintenance of the Property (including, but not limited to, hazardous substances in consumer products).
Borrower shall promptly give Lender written notice of (a) MY investigation, claim, demand, lawsuit or other action by
any governmental or regulatory agency or private party involving the Property Md any Hazardous Substance or
Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to,
MY spilling, leaking, di.scharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the
presence, use or release ofa Hazardous Substance which Mversely mects the value of the Property. If Borrower learns, or is
notified by any governmental or regulatory liuthority, or lIIlY private party, that any removal or other remediation of lIIlY
Hazardous Substance affecting the Property is necessary, Borrower shall promptly 1alce .all necessary remedial.actions in
accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
22. Accelerlition; Remedies. Lender shall give notice to Borrower prior to liccelerlition following Borrower's
breach of any covenant or agreement in this Security Instrument (but not prior to .acceleration lInder Section 18
lIDless Applicable Law provides otherwise). T.he notice .shall specify: (a) the default; (b) the .action required to cure the
default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be
cured; and (d) that failure to cure the default on or before the date specified.in the notice may result in acceler.ation of
the sums secured by this Security Instrument .and .sale of the Property. The notice shall further inform Borrower of
the right to reinstate .after acceleration .and the right to bring a court action to .assert the non-existence of.a default or
.any other defense of Borrower to acceleration and .sale. If the default is not cured on or before the date specified in the
notice, Lender at its option may require immediate payment in fuU of .all sums secured by this Security lnstrument
without further demand and may invoke the power of sale .and .any other remedies permitted by Applicable Law.
Lender shaU be wtitled to coUect .aU expenses .incurred in pursuing the remedies provided .in this Section 22,
including, but not limited to, reasonable .attorneys' fees.and costs of title evidence.
If Lender .invokes the power of .sale, Lender .shaU give notice of intent to foreclose to Borrower .and to the person
in possession of the Property, if different, in .accordance with Applicable Law. Lender shaU give notice of the .sale to
Borrower in the manner provided in Section 15. Lender .shall publish the notice of sale,.and the Property .sh.aJ1 be sold
in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The
proceeds of the sale shall be .applied.in the following order: (a) to all e](penses of the sale, including, but not limited to,
reasonable .attorneys' fees; (b) to .all sums secured by this Security Instrllment; .and (c).any eness to the person or
persons Jegally ~ntitled to it.
23. Release. Upon payment of all sums .secured by this Security lnstrument, Lender shall release this Security
Instrument. Borrower shall pay any recordation co.5Ís. Lender may charge Borrower a fee for releasing this Security
instrument, but only if the fee i.s paid to li third party for .services rendered and the charging of the fee i.s pennitted under
Applicable Law.
24. Waivers. Borrower releases and waives .all rights under Md by virtue of the .homestead exemption laws of
Wyoming.
WYOMING-Single Family-FJlnnie MJlelFreddie MJlc UNIFORMlNSTRUMENT
Form 30511/01
ITEM 1678L 10 (0011)
(P£lge 10 of 11 pages)
GreatDo.cs TIoI
To Orner Call: 1-.800-366-.5775
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000321.
BY SIGNING BELOW, Borrower .accepts.and lIgI"ees to the teImS IDld covenants contained jn pages 1 through 1] of
this Security Instrument and .in IDlY Rider executed by Borrower .and recorded with it.
~~
L R N C..LANE
(Seal)
-Borrower
,
.
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-B orrower
Witness:
Witness:
State of l1:Lftt-lIDb
County of 1-1. ~t1f~ D
)
) 5S
)
The foregoing jnstrument WllS .acknowledßed before me by LORIN C..LANE
this 1 ~ Day of A.u &,J J:C;r da::::l.o
Witness my hand IDld offidaI seal.
~wn'~~
Notary Public
My commission expires:
~tct~~
WYOMING-Bingle F.amily-F.annie M.ae/Freddie Mac UNIFORM lNSTRUMENT
FDI']ß 3051 1/01
ITEM 1678111 (0011)
(Page J 1 of J J ¡mges)
Gr.e.atDoa TM
To omer Call: 1-BO()'B68-5775
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(J9~1.238
MORTGAGE ADDENDUM
000322
The following is IDl Addendum to the Mortgage. The ß.ddendum .sha11 be
incorporated into, IDld recorded with, the Mortgage.
TAX 'F.YF.M12]' FlNANCING BIDER
This Tax-Exempt Financing Rider is incorporated into and shall be deemed to ,
.amend the tenns of the Mortgage to which it is attached. '
.In addition to the covenants IDld ligTeements .made in the Security instrument,
Borrower IDld Lender further covenant IDld agree as follows:
Lender, or such of its successors or assigns as :may, by separate instrument,
assume responsibility for assuring compliance by the Borrower with the
provisions of this Tax Exempt Financing Rider, .may require immediate
payment in full of.all sums secured by this Security lnstrument if:
a) All of part of the Property sold or otherwise transferred (other than
by devise, descent or operation of law) by Borrower to a purchaser
or other ÍTIDlsferee:
i) Who cannot reasonably be expected to occupy the property
as a principal resident within a reasonable time .after the sale
or ÍTIDlsfer, .all as provided in Section 143(c) .and (i) (2) of the
.Internal Revenue Code; or
ii) Who has .bad a present ownership interest in a principal
residence during IDly part of the three year period ending on
the date of the sale or transfer, .all as provided in Section
143(d) and (i) (2) of the lnternal Revenue Code; or
ill) At IDl acquisition cost which is greater than 90 percent of the
average area purchase price (greater than 110 percent for
targeted area residences), .all as provided in Section 143 (e)
IDld (i) (2) of the lnternal Revenue Code; or
iv) Whose family income exceeds applicable income limits as
provided in Section 143(1) and (i) (2) of the lnternal Revenue
Code.
b) Borrower fails to occupy the property described in the Security
.Instrument without prior written consent of the lender or its
successors or assigns described at the beginning of this Tax
Exempt Financing Rider, or
c) Borrower omits or misrepresents a fact that is :material with
respect to the provisions of Section 143 of the lnteITIBl Revenue
Code in IDl application for the loan secured by this Security
lnstrument.
References are to the lnternal Revenue Code as .amended, in effect on the date
of execution of the Security lnstrument and are deemed to include the
.implementing regulations.
BY SIGNING BELOW, Borrower accepts.and ligTees to the tenns and provisions
in this Tax-Exempt Financing Rider.
~d/
Borrower
Borrower
MPP 210-B (Revised 12/95)
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